Hut8 stock price the Hut8 stock price

The Hut8 stock price, currently around USD 9.78, reflects market anticipation ahead of its merger updates. Combining with US-based miners could boost economies of scale, enhancing profit margins and share price stability. Although not all of Hut 8 's (NASDAQ: HUT) revenue derives from Bitcoin mining, that activity is still crucial to its success. So it wasn't surprising that the coin's rise over the past few days was giving a lift to the company's equity too. As of late-session trading on Friday, Hut 8's share price was up by almost 18%, according to data compiled by S&P Global Market Intelligence . Before you consider Hut 8, you'll want to hear this. Traders observing Hut8 stock price highlight its outperformance against certain Nasdaq small-cap peers. This is attributed to Hut8’s hybrid data center model, which diversifies income beyond mining, improving resilience against crypto price dips.